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L&T Infotech Q4FY22 net rises 17% YoY to Rs 638 cr, up 4% sequentially

Buoyed by broadbased growth across verticals and geographies, firm posts strongest revenue addition for the fiscal, up nearly 32% YoY; attrition at 24% rises marginally QoQ

Ineos Styrolution stock hits 20% lower circuit following OFS launch

The OFS announcement caught the market by surprise as the promoter holding in the company is at 75 per cent and no further divestment is required

Indian SaaS sector to clock $100 bn revenue by 2026: Chiratae-Zinnov study

The country is gearing to supersede China as the second largest SaaS nation in the next few years, the report says

IHCL announces launch of new Taj Hotel with branded residences in Chennai

Spread over 3.5 acres, complex is strategically located close to key business districts; it will have a luxury hotel with 235 keys and 123 Taj branded residences

Mindtree net profit jumps 49% YoY in Q4; revenue up 37.4% to Rs 2,897 crore

The Mindtree management declined to comment on reports of a likely merger with group company Larsen & Toubro Infotech.

Grasim tops Hurun sustainability league table on achieving 17 goals in 2021

Tech Mahindra was ranked second with a sustainability score of 46, followed by Tata Power and Wipro

Telegram launches host of new features to enhance user experience, privacy

These include custom notification sounds, custom mute duration, new auto-delete menu , web integration for BOTs, replies in forwarded messages, among other things

Use of blockchain for security and covenant monitoring becomes operational

To begin with, movable assets such as furniture, equipment, inventory and current assets such as portfolio of advances and receivables will be tracked at portfolio level, Sebi says

India has lost a visionary leader with demise of Sanmar's N Sankar: CII

Says Sankar worked tirelessly for over five decades in ensuring trust in business and leading by example in setting high standards for ethical business

Sanofi India names Rodolfo Hrosz managing director effective June 1

He will transition from being Sanofi's GM, Consumer Healthcare business in Brazil to the new role in India as soon as regulatory approvals are in place

Metropolis Healthcare to set up 1,800 collection centres in three years

The company is planning to add around 40 more Hitech centres during the current financial year

Sanmar Group's chairman N Sankar, 76, passes away after brief illness

He had held office in several public trade and industry bodies, Assocham, Indo-US Joint Business Council, Madras Chamber of Commerce and Industry, among others

GreenBase Industrial inks 200,000 sq feet industrial deal at Oragadam

The existing land bank of close to 500 acres spread across four locations is dedicated for 15 mn sq. ft of industrial and logistics parks development

HDFC Bank Q4 net up 23% to Rs 10,055 crore due to lower provisions

The net interest income of the bank grew by 10.2 per cent to Rs 18,872.7 crore on the back of 20.8 per cent growth in advances.

Domestic branded generic formulations market can grow at 10-12%: Industry

Cadila Healthcare Chairman Pankaj Patel said the market can grow when there is overall growth

Intel commits to net-zero emissions in its global operations by 2040

Intel is also committed to addressing climate impacts throughout its upstream and downstream value chain, also known as Scope 3 emissions

Hariom Pipe surges 50% on debut, ends at Rs 231 vs offer price of Rs 153

The Harini Pipe stock was locked in the 5 per cent upper circuit on both exchanges

Sebi penalises NSE, BSE for laxity in Karvy Stock Broking case

Brokerage misused securities worth Rs 2,300 crore belonging to more than 95,000 clients, says regulator

India sports fan base at 136.3 mn; CSK major sports franchise: Ormax Media

Chennai Super Kings is the most popular IPL team in India, with 40.9 million fans

Deeptech startup Spyne raises $7 mn in latest funding round led by Accel

At present, Spyne is currently serving more than 80 customers including Amazon India, Flipkart, Karvi, OLACars, SellAnyCar, Udaan, etc. across 15+ countries